comScore Returns to Revenue Growth for the First Quarter 2018
09/05/2018
Revenue advanced 5% year-over-year for the first quarter of 2018 to $105.9 million from $100.9 million reported in the same period for 2017. GAAP net loss for the first quarter of 2018 was $51.5 million, or $(0.93) per share as compared to $40.8 million, or $(0.71) per share reported in the same period for 2017.
Revenue from the digital audience product offering in the first quarter of 2018 was $57.8 million, consistent with the same period of 2017. TV and Cross-Platform revenue increased 15% year-over-year to $25.3 million. Advertising product revenue increased 6%year-over-year to $12.2 million and movies revenue increased 13% year-over-year to $10.6 million. All revenue figures reflect the implementation of new revenue standard ASC 606.
On a non-GAAP basis, net loss for the first quarter of 2018 was $13.8 million, or $(0.25) per share, excluding investigation and audit-related expenses, stock-based compensation expense and certain other items as presented in the accompanying tables. This compares to a non-GAAP net loss of $17.7 million, or $(0.31) per share, reported in the same period for 2017.
For the first quarter of 2018, comScore generated adjusted EBITDA of $3.6 million, excluding investigation and audit-related expenses, stock-based compensation and certain other items as presented in the accompanying tables. This compares to adjusted EBITDA loss of $(1.9) million reported in the same period one year ago.
I am excited to lead comScore at this pivotal moment in the advertising industry, commented Bryan Wiener, CEO-elect. With an unmatched data footprint, universal brand recognition and loyal customers across major brands and media companies, we're positioned to lead the marketplace as the independent cross-platform measurement solution that will empower our partners to make business decisions with complete confidence.
Wiener added, To meet this aim, we plan to accelerate product innovation, increase operational excellence and simplify our cost structure. Our revenue results in the first quarter demonstrate relative stability in our digital business and encouraging growth in our TV and cross-platform business and other investment areas.
As CEO, my priority will be to drive meaningful change within the company by reenergizing our teams around a clearly defined strategy that will allow us to reach our full potential as the market leader in cross-platform measurement. I look forward to communicating more details of this strategy on our next earnings call in August, continued Wiener.
Conference Call information for today Wednesday, May 9 at 5:00 p.m. ET
Management will provide commentary on the company's results in a conference call today at 5:00 p.m. ET. To access this call, dial 800-263-0877 (domestic) or +1 323-794-2094 (international) and reference conference ID 5244430. Participants are advised to dial in at least 10 minutes prior to the call to register. Additionally, a webcast of the conference call will be available on the Investor Relations section of the companys website at ir.comscore.com/events-presentations.
LINK: | https://www.comscore.com/Insights/Press-Releases/2018/5/comScore-Retur... |
See more stories from comscore |
More from comScore
12/04/2024
Broadcast Industry Leaders Spearhead Investment in RUN3TV, Key NEXTGEN TV Application Platform
Broadcast Industry Leaders Spearhead Investment in RUN3TV, Key NEXTGEN TV Applic...
08/04/2024
Comscore Reaches Multi-Year Exclusive Agreement With B&B Theatres for Its Industry-Leading Theatre Management Systems
Comscore Reaches Multi-Year Exclusive Agreement With B&B Theatres for Its Indus...
03/04/2024
U.S. Joint Industry Committee Awards Certification to Comscore for National Currency
U.S. Joint Industry Committee Awards Certification to Comscore for National Curr...
20/03/2024
MRC Accreditation for National and Local TV Household-Level Measurement
Comscore Achieves Accreditation by the Media Rating Council (MRC) for National and Local TV Household-Level MeasurementComscore is the only TV measurement solut...
12/03/2024
Epsilon Partners with Comscore's Proximic for Global Contextual Data
Epsilon Partners with Comscore's Proximic for Global Contextual DataProximic's AI-Powered Contextual Intelligence to Deliver Cross-Screen Insights for E...
06/03/2024
Comscore Reports Fourth Quarter and Full Year 2023 Results
Comscore Reports Fourth Quarter and Full Year 2023 Results RESTON, Va., March 06, 2024 - Comscore, Inc. (Nasdaq: SCOR), a trusted partner for planning, transact...
01/03/2024
Comscore and TEGNA Sign Multi-Year Agreement for Local Linear and Cross-Platform Audience Measurement
Comscore and TEGNA Sign Multi-Year Agreement for Local Linear and Cross-Platform...
22/02/2024
Comscore to Announce Fourth Quarter 2023 Financial Results
Comscore To Announce Fourth Quarter 2023 Financial ResultsRESTON, VA, February 23, 2024 Comscore, Inc. (Nasdaq: SCOR), a trusted partner for planning, transac...
21/02/2024
Comscore Transforms Local and National Ad Campaigns with Pioneering Cross-Platform Audience Measurement
Comscore Transforms Local and National Ad Campaigns with Pioneering Cross-Platfo...
01/02/2024
Comscore announces new executive leadership across international regions: EMEA, APAC and LATAM
Comscore announces new executive leadership across international regions: EMEA, ...
31/01/2024
Comscore Announces New US Patent for Livestream Contextual Intelligence Technology
Comscore Announces New US Patent for Livestream Contextual Intelligence Technolo...
23/01/2024
Comscore and Nexstar Reach Multi-Year Agreement
Comscore and Nexstar Reach Multi-Year Agreement for Linear and Cross-Platform Audience MeasurementComscore to Provide Currency-Grade Measurement Metrics for Nex...
16/01/2024
Proximic by Comscore Releases Findings from 2024 State of Programmatic Report
Proximic by Comscore Releases Findings from 2024 State of Programmatic Report The majority of advertisers plan to increase investment in programmatic; Contextu...
30/11/2023
The Future of Search: Quantifying Growth in Generative AI Queries with Comscore Measurement
The Future of Search: Quantifying Growth in Generative AI Queries with Comscore ...
14/11/2023
Acast Inks Global Partnership with Proximic by Comscore for Cookie-Free Podcast Targeting Across More than 100,000 Podcasts
Acast Inks Global Partnership with Proximic by Comscore for Cookie-Free Podcast ...
07/11/2023
The Minnesota Wild of the National Hockey League, signs Multi-Year Deal with Comscore to Access Instant Local Market Measurement
The Minnesota Wild of the National Hockey League, signs Multi-Year Deal with Com...
06/11/2023
Comscore Reports Third Quarter 2023 Results
Comscore Reports Third Quarter 2023 ResultsRESTON, Va., November 6, 2023 Comscore, Inc. (Nasdaq: SCOR), a trusted partner for planning, transacting, and evalu...
31/10/2023
Cadent Adds Proximic by Comscore to Cadent Aperture Platform for Enhanced ID-Based Audience Targeting
Cadent Adds Proximic by Comscore to Cadent Aperture Platform for Enhanced ID-Bas...
26/10/2023
Comscore adds Social Incremental Audiences to its Flagship Digital Measurement Tool, further Expanding its Cross-Platform Capabilities
Comscore adds Social Incremental audiences to its flagship digital measurement t...
25/10/2023
Comscore to Announce Third Quarter 2023 Financial Results
Comscore to Announce Third Quarter 2023 Financial ResultsRESTON, VA, October 25, 2023 Comscore, Inc. (Nasdaq: SCOR), a trusted partner for planning, transacti...
19/10/2023
Political Targeting Solutions for 2024 Election Season, exclusively on The Trade Desk
Comscore Launches Political Targeting Solutions for 2024 Election Season, exclus...
25/09/2023
Proximic by Comscore Unveils Suite of New AI-Powered Contextual Solutions for Enhanced, Privacy-Centric Programmatic Advertising
Proximic by Comscore Unveils Suite of New AI-Powered Contextual Solutions for En...
12/09/2023
Comscore Scores Expanded Partnership with the Green Bay Packers for Local, Digital and Social Measurement
Comscore Scores Expanded Partnership With The Green Bay Packers For Local, Digit...
29/08/2023
The Video World is Growing Fast: the Longtail of CTV Expands its Reach
The Video World is Growing FAST: the Longtail of CTV Expands its Reach FAST and Targeted Programming Consumption Accelerates, According to Comscore's 2023 S...
21/08/2023
SeeHer, in partnership with Comscore, unveils industry-first Gender Equality Measurement for digital platforms
SeeHer, in partnership with Comscore, unveils industry-first Gender Equality Me...
08/08/2023
Comscore Reports Second Quarter 2023 Results
Comscore Reports Second Quarter 2023 ResultsRESTON, Va., August 8, 2023 Comscore, Inc. (Nasdaq: SCOR), a trusted partner for planning, transacting, and evalua...
21/07/2023
Comscore To Announce Second Quarter 2023 Financial Results
Comscore To Announce Second Quarter 2023 Financial Results RESTON, VA, July 21, 2023 Comscore, Inc. (Nasdaq: SCOR), a trusted partner for planning, transactin...
13/06/2023
Proximic by Comscore Announces 5,000 Advertiser Milestone for ID-free Predictive Audience Solution
Proximic by Comscore Announces 5,000 Advertiser Milestone for ID-free Predictive...
30/05/2023
Comscore at the 15th Annual Gabelli Media & Entertainment Symposium
Comscore at the 15th Annual Gabelli Media & Entertainment SymposiumRESTON, Va., May 30, 2023 Comscore (Nasdaq: SCOR), a trusted partner for planning, transact...
23/05/2023
Adlook and Comscore to Unlock Brand-Lift Insights across any Device to Maximise Campaign Impact
Adlook and Comscore to Unlock Brand-Lift Insights across any Device to Maximise ...
18/05/2023
Comscore Selected as Preferred Partner for NBCUniversal's Local Advertising Currency
Comscore Selected as Preferred Partner for NBCUniversal's Local Advertising ...
16/05/2023
Comscore's local market measurement selected by WBNX-TV as its television currency in the Cleveland market
Comscores local market measurement selected by WBNX-TV as its television currenc...
09/05/2023
Comscore Reports First Quarter 2023 Results
Comscore Reports First Quarter 2023 ResultsRESTON, Va., May 9, 2023 Comscore, Inc. (Nasdaq: SCOR), a trusted partner for planning, transacting, and evaluating...
05/05/2023
Comscore at the 18th Annual Needham Technology & Media Conference
Comscore at the 18th Annual Needham Technology & Media ConferenceRESTON, Va., May 5, 2023 Comscore (Nasdaq: SCOR), a trusted partner for planning, transacting...
04/05/2023
IPG Mediabrands' Investment & Intelligence Arm to Leverage Comscore's Local TV Data as Partnership Expands
IPG Mediabrands' Investment & Intelligence Arm to Leverage Comscore's Lo...
25/04/2023
Comscore to Announce First Quarter 2023 Financial Results
Comscore to Announce First Quarter 2023 Financial Results RESTON, VA, April 25, 2023 Comscore, Inc. (Nasdaq: SCOR), a trusted partner for planning, transactin...
28/03/2023
Comscore Expands 48-hour Television Reporting for All National Networks and All Local Stations in All 210 Markets
Comscore Expands 48-hour Television Reporting for All National Networks and All ...
23/03/2023
Tubi announces first-to-market planning integrations and partnerships at Tubi connect
Tubi announces first-to-market planning integrations and partnerships at Tubi co...
22/03/2023
PubMatic Partners with Proximic by Comscore, Giving Media Buyers Scalable, ID-less Targeting Solutions
PubMatic Partners with Proximic by Comscore, Giving Media Buyers Scalable, ID-le...
08/03/2023
Who's Watching TV Releases Atlantis Reporting Solution
Whos Watching TV Releases Atlantis Reporting SolutionWWTVs online Atlantis tool provide access to Comscores new TV Pulse data, providing faster access to prelim...
28/02/2023
Comscore Reports Fourth Quarter and Full Year 2022 Results
Comscore Reports Fourth Quarter and Full Year 2022 ResultsFY Revenue of $376.4 million, up 2.6% from 2021 FY Net Loss of $66.6 million versus $50.0 million in ...
27/02/2023
Comscore Extends Measurement Partnership with Game Time with Boomer Esiason
Comscore Extends Measurement Partnership with Game Time with Boomer Esiason Sports Legend Boomer Esiason, JOY-CPW, Inc. production team renew three-year deal f...
14/02/2023
Comscore to Announce Fourth Quarter and Full Year 2022 Financial Results
Comscore to Announce Fourth Quarter and Full Year 2022 Financial ResultsRESTON, VA, February 17, 2023 Comscore, Inc. (Nasdaq: SCOR), a trusted partner for pla...
28/02/2019
Comscore Reports Fourth Quarter and Full-Year 2018 Results
Comscore Reports Fourth Quarter and Full-Year 2018 ResultsTV and Cross-Platform Momentum Continues Alongside Reduction in Net Loss and Fourth Straight Quarter o...
20/11/2018
Fifty Seven Percent of EU5's Total Digital Population Visited a Food-Related Site in September 2018
Fifty Seven Percent of EU5's Total Digital Population Visited a Food-Related...
15/11/2018
Comscore Receives Full UKOM Approval of Mobile Metrix Solution
Comscore Receives Full UKOM Approval of Mobile Metrix SolutionMobile Metrix ensures the complete and actionable measurement of the mobile ecosystem in the UK ...
10/11/2018
Comscore Reports Third Quarter 2018 Results
Comscore Reports Third Quarter 2018 ResultsRESTON, VA., Nov. 8, 2018 - Comscore, Inc. (NASDAQ: SCOR), a trusted partner for planning, transacting, and evaluatin...
24/10/2018
comScore Brings Its Core Digital Data into a Single, Unified View
comScore Brings Its Core Digital Data into a Single, Unified ViewEnhanced solution enables holistic understanding of audiences for more efficient analysis and s...
11/10/2018
comScore Sets Date to Announce Third Quarter 2018 Financial Results
comScore Sets Date to Announce Third Quarter 2018 Financial ResultsRESTON, VA, Oct. 11, 2018 - comScore, Inc. (Nasdaq: SCOR), a trusted partner for planning, tr...
03/10/2018
comScore to Host Investor Day in New York on Nov. 13
comScore to Host Investor Day in New York on Nov. 13RESTON, VA, Oct. 2, 2018 - comScore (NASDAQ: SCOR), a trusted partner for planning, transacting and evaluati...